Newmark Group Inc. has announced the acquisition of McCall & Almy Inc., a tenant representation and real estate advisory firm in Boston, renowned for expertise in multi-market corporate and occupier advisory, strategic consulting, lease administration and project management.
“As Newmark continues its growth course, bolstering services in key U.S. gateway cities is paramount. Acquiring firms with best-in-class talent and unparalleled expertise strengthens our client offerings in these markets,” said Newmark Chief Executive Officer Barry Gosin. “The professionals at McCall & Almy encapsulate these values, with incredible stature and an impeccable corporate client-service reputation in the Boston commercial real estate market.”
McCall & Almy has built its legacy with a focused advisory approach and notable expertise in the office, medical, academic, life science, industrial and retail sectors. The organization is led by President and Founder Bill McCall, who is considered by most to be the dean of Boston’s commercial real estate industry and is the namesake of the Commercial Broker Association’s ‘McCall Leadership Award’—the top honor for local brokers. Over the past 32 years, the firm’s professionals have completed over 5,000 transactions valued in excess of $50 billion. Newmark’s acquisition of McCall & Almy — whose 20 professionals serve a roster of notable, long-time clients — expands the firm’s tenant representation and strategic real estate consulting in the Boston area.
“After decades as an independent firm, joining the Newmark platform provides us with the ability to continue to provide best-in-class service while having access to top-tier, far-reaching resources on behalf of our clients, in Boston and beyond,” said McCall. “Newmark is the right fit — our decision was about being in the right place with the right people–in lockstep with our culture.”
McCall joins with partners David Richardson, Garrett Larivee, Lenny Owens and Neil Schneider, who lead the firm’s tenant representation practice, and Jim Canfield, Julie Gray and Sandy Tierney, who lead the company’s real estate advisory practice.
McCall & Almy was advised on the transaction by the investment banking firm BellMark Partners LLC; Morgan, Lewis & Bockius LLP acted as McCall & Almy’s legal counsel.
Earlier in the week, Newmark acquired leading London-based real estate advisory firm, BH2, led Tony Gibbon. Gibbon joins with his partners, Dan Roberts, Sam Boreham and Rupert Williams. The acquired BH2 business will operate as Newmark BH2.
